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The Arab Contractors Federation, in conjunction with the French company Feense, is set to construct the new line’s civilian facilities (Photo: Courtesy of Facebook Fan Page)

Taisei Corporation and Orascom Construction to implement fourth metro line

The National Authority for Tunnels (NAT) has accepted the technical offer made by the consortium “Taisei Corporation – Orascom Construction”. According to a document from the NAT, the technical inspection committee has decided to accept the financial offer made in the tender by the aforementioned consortium to carry out the construction works of the first …

Mohamed Alaa El-Din

Orascom Construction Q4 net falls more than expected

By Tom Pfeiffer / Reuters CAIRO: Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt restructuring and other charges. The company’s shares gained 2.6 percent as analysts welcomed its construction backlog, which continued growing at the end of a year of major economic disruption in …


Morocco axes Orascom-led group from solar project

By Souhail Karam / Reuters RABAT: Morocco has excluded a group led by Egypt-based Orascom Construction Industries from the bidding for the first phase of a major solar energy project, l’Economiste newspaper reported on Friday. The newspaper gave no reason for the exclusion and a spokeswoman for Masen, the government agency managing the project, declined …


Iraq approves $363 mln power deal with Egypt’s Orascom

By Ahmed Rasheed / Reuters BAGHDAD: Iraq’s cabinet approved a $363 million contract on Tuesday with Egypt’s Orascom Construction to build a 1,014 megawatt gas power plant in the north of the country, it said on Tuesday. The contract involves building a plant in Baiji, 180 km (112 miles) north of Baghdad, to install six gas …


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